- Pan-United is the largest domestic ready-mix concrete supplier with a 40% market share, along with operations in Malaysia, Vietnam and Indonesia. Initiate coverage on Pan-United with BUY. We expect Pan-United’s 2024-26 core earnings to grow by 18-26%, driven by strong demand for cement and concrete.
- - Read this at SGinvestors.io -
Ready-mix concrete supplier specialising in low-carbon concrete technologies.
- With an around 40% domestic market share, Pan-United Corporation (SGX:P52) is a market leader in cement and concrete supply providing a diverse range of concrete types, and boasts an industry-leading position in low-carbon concrete technologies.
- - Read this at SGinvestors.io -
- Pan-United also provides digital solutions for construction companies, earning higher-quality recurring revenue.
- Backed by an increasing number of public and private infrastructure projects, Pan-United is a strong proxy to Singapore’s growing construction demand.
Strong construction pipeline and RMC growth to drive revenue and earnings.
- Read more at SGinvestors.io.
